Douglaston Development

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Douglaston Development portfolio

$654.4 million* – elevator 91.0%, development 5.0%; Brooklyn 50.0%, Manhattan 44.0%

87th largest portfolio by dollar value

2,969,766 sqft – elevator 90%, walkup 3%;

113th largest by SF

18 properties – Bronx 38%, Brooklyn 38%

497th largest

3,210 residential units – Brooklyn 47%, Manhattan 32%

56th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $189.5 million

Borrower company: 7 for $1.5 billion

Top Ten Associated Companies:

NYC Housing Development Corporation (4), Wells Fargo (2), Valeray Real Estate (2), New York Botanical Garden (2), Metropolitan Commercial Bank (1), BEB Capital (1), Ofer Cohen (1), Tucker Reed (1), Vivian Liao (1), M&T Bank (1)

Top Ten Associated People:

Marjorie E. Nesbitt (2), J.V. Cossaboom (2), Dennis Graham (1), Ross Dahmen (1), Lee J. Brodsky (1), Ofer Cohen (1), Tucker Reed (1), Ingrid Alfred (1), Steve Pack (1), Jeffrey L. Cirillo (1)

Recent activity as company:

• Douglaston Development borrowed $98.8 million from NYC Housing Development Corporation for 715 Noble Avenue, 1660 Lafayette Avenue, and 740 Beach Avenue, Soundview, Bronx on August 13, 2024.

• Douglaston Development, Asland Capital Partners and Breaking Ground borrowed $222.1 million from NYC Housing Development Corporation for 715 Noble Avenue, 740 Beach Avenue, and 710 Noble Avenue, Soundview, Bronx on August 02, 2024.

• Douglaston Development borrowed $500 million from Goldman Sachs and Wells Fargo for 613 West 29th Street, Chelsea, Manhattan on July 30, 2024.

• Douglaston Development borrowed $153.5 million from NYC Housing Development Corporation for 410 Bedford Park Bouleva, Fordham Manor, Bronx on July 29, 2024.

• Douglaston Development borrowed $270.5 million from MSD Partners for 170 East 83rd Street and 175 East 82nd Street, Carnegie Hill, Manhattan on June 07, 2024.

• Valeray Real Estate sold 170 East 83rd Street, Carnegie Hill, Manhattan for $10 million to Douglaston Development on June 07, 2024.

• Valeray Real Estate sold 175 East 82nd Street, Carnegie Hill, Manhattan for $114.5 million to Douglaston Development on June 07, 2024.

• Douglaston Development borrowed $106.8 million from NYC Housing Development Corporation for 509 W. 48th Street, Hell’s Kitchen, Manhattan on March 01, 2024.

• Douglaston Development for Steven Charno filed plans for new building for 245,337 sqft in Manhattan, on February 26, 2024.

• Douglaston Development for Paul Rifino filed plans for new building for 2,276 sqft in Queens, on August 14, 2023.